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Stephen is scheduled to receive annual payments of $4,500 for each of the next 10 years. The discount rate is 5 percent. What is the
Stephen is scheduled to receive annual payments of $4,500 for each of the next 10 years. The discount rate is 5 percent. What is the difference in the present value if these payments are paid at the beginning of each year rather than at the end of each year? A. $1,837.45 B. $2,830.03 C. $2,170.39 D. $1,737.39
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